Equity Axis

11/12/2024

Highlights 11.12.24
✳️Back to Future: Zimbabwe to Hold 26% Stake in Mining Projects
✳️Y-T-D Wheat Harvest Exceeds 500 000 MT
✳️Varun Beverages Flags New Competition with Dairibord Zimbabwe
✳️South Africa's Inflation Peaks Again
✳️ Flirts Investors with Fast-Tracked Permits

10/12/2024

Highlights 10.12.24
✳️U.S. Sanctions 28 Individuals Linked to Zim's Mafia
✳️CBZ Holdings-First Mutual Holdings Limited Acquisition Plan Blocked by CTC
✳️Zimbabwe Ranked Third Most Complex Country for Business
✳️Sugar Industry Sees 21% Sales Boost with Repeal of Cheap Sugar Imports
✳️Nampak Limited-TSL Limited’s US$25 Mn Deal at Advanced Stage

10/12/2024

This week's issue of The Axis Top story
✳️In the Ring RBZ Contends Global Gold Purchase https://rebrand.ly/The-Axis

06/12/2024

ZERA Hikes Diesel Prices despite Global Price Drop
⛽ ZERA Update: Diesel 💹 to $1.54/L, 📉 2% to $1.48/L.
📉 Brent crude down 6% MoM despite hike

Zimbabwe Energy Regulatory Authority (ZERA)has increased the diesel prices for the month of December, from November in US dollar terms. Diesel prices added with 1% to $1.54 per litre from $1.52.

06/12/2024

Zimbabwe Loses $270 Million in Year-to-Date Gold Earnings
💰 Loss: 🇿🇼 lost $270M YTD due to indirect exports & middlemen.
⚒️ 28.2 tonnes produced, earning $1.87B vs. potential $2.3B.
📉 Avg gold price: $2,364/oz.

Zimbabwe's gold sector is struggling to reach its full potential, with the country experiencing a loss of US$270 million in gold earnings year-to-date (January to October). This significant shortfall

06/12/2024

Zimplow Projects Break-Even in FY2024, Eyes Recovery in 2025
🚀 FY24 Break-Even Near
💡 Cost Cuts: Streamlined ops & supplier deals.
🌟 2025 Boost: Stronger vs. cheap imports. Zimplow Holdings

Zimplow Holdings, Zimbabwe's leading supplier of tires, mining, and agricultural equipment, has projected that it will not achieve profitability in FY2024, although a near break-even outcome would be

06/12/2024

Highlights 6.12.24
✳️PPC loses over US$1M Due to Power Supply Issues
✳️ZERA increases Prices
✳️ on
✳️ Trades at 99.90 per $1

06/12/2024

Government's Failure to Pay Debt Forces Seed Co to Rely on Loans
🇿🇼 Govt delays ($8.6M) pushed SeedCo to borrow (+36% to $29.6M).
🌽 New & seeds launched.
📈 up 73% to $18.9M.

The largest seed house in the country, Seed Co is currently struggling with financial challenges attributed to delayed payments from the government, which owes the company US$8.6 million. This outst

05/12/2024

Highlights 5.12.24
✳️Miners Close in on Ambitious 35-Tonne Target for 2024
✳️Seed Co Turns to Borrowing as Government's Lax to Pay $8.6 Million Payment
✳️Bitcoin Surpasses $100,000 Milestone
✳️No-Confidence Vote Unseats French Prime Minister

04/12/2024

Highlights 4.12.24
✳️ZiG’s Value Almost Halve Against US Dollar
✳️RBZ Introduces Targeted Finance Facility to Address Liquidity Crisis
✳️Namibia Elects First Country’s Female President
✳️French Government Faces Imminent Collapse

04/12/2024

The government has introduced a targeted finance facility to provide financing to specific sectors that require heavy financing to keep operations afloat, while leaving interest rates unchanged and projecting inflation to remain low.👇

The Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe has introduced a Targeted Finance Facility (TFF) In a bid to alleviate the current liquidity crisis on targeted sectors. This facil

03/12/2024

Mthuli Ncube Anticipates 51% Depreciation of ZiG in 2025
📉💸 No hope: to drop 51% in 2025, says .
📊💰 High spending + higher taxes = shaky policies.
📈⚠️ could exceed 51% on rising money supply.
4o

The Zimbabwe’s economy faces a turbulent 2025, with the local currency, the Zimbabwe Gold (ZWG), expected to depreciate by an alarming 110% in FY2025, Government 2025 Budget reviews. This grim foreca

03/12/2024

With Deteriorating Health Services, How Much Has Government Allocated for Health Sector?
🏥💰 Govt allocates ZiG28.3B to Health Ministry for 2025.
📊🩺 Health sector needs $1.6B for revival.
🍬💸 Sugar tax aimed to fund health, but gaps remain.

he Zimbabwe government has allocated ZiG28.3 billion to the Ministry of Health and Child Care for the year 2025. When converted to United states dollars (USD) at the official bank rate of ZiG26 per d

03/12/2024

Highlights 3.12.24
✳️ to add 720 MW on national grid
✳️Gvt exempts imports from VAT
✳️ ’s Economy Shrinks in Q3
✳️ steps to cripple tax sector

02/12/2024

After overtaxing companies, and almost everything else, government has turned to sports betting.

✳️Is taxing poor citizens the only way for the government to raise revenue?👇🏾

In his 2025 budget presentation, Finance and Economic Development and Investment Promotion minister, Mthuli Ncube, imposed a 10% tax on all winning betting odds, effective January 1, 2025. This new

02/12/2024

Highlights 2.12.24
✳️Foreign Currency Receipts Surge to 18%, Reaching US$10 Billion
✳️Gvt declares war on plastics usage
✳️Tuck Shops Force to Exit
✳️ Grants Pardon to His Son
✳️ Responds to Threat

02/12/2024

This week's issue of The Axis Top story
✳️Currency Instability 2025 Could be Worse https://rebrand.ly/The-Axis